Overview and Scope
The glycol ethers are used as solvents and stabilizers in a variety of personal, household, and industrial products. Glycol ethers are a large group of solvents that are colorless liquids with a higher boiling point, a slight odor, and a lower molecular weight compared to other solvents. The ether groups would introduce additional sites for hydrogen bonding with improved hydrophilic solubility performance
Sizing and Forecast
The glycol ethers market size has grown strongly in recent years. It will grow from <b>$7.31 billion in 2023 to $7.94 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. </b> The growth in the historic period can be attributed to paints and coatings industry, printing industry, cleaning and household products, industrial manufacturing, chemical industry advancements.
The glycol ethers market size is expected to see strong growth in the next few years. It will grow to <b>$11.12 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. </b> The growth in the forecast period can be attributed to green cleaning products, electronics and semiconductor manufacturing, healthcare and pharmaceuticals, renewable feedstock, research and development. Major trends in the forecast period include low-voc paints and coatings, digital printing technologies, renewable feedstock exploration, safety and health regulations, aerospace coatings.
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Segmentation & Regional Insights
The glycol ethers market covered in this report is segmented –
1) By Type: E-Series, P-Series
2) By Application: Solvent, Anti-icing, Hydraulic and Brake Fluid, Chemical Intermediates
3) By End User: Paints and Coatings, Printing, Pharmaceuticals, Cosmetics and Personal Care, Adhesives, Other End-Users
<b>North America</b> was the largest region in the glycol ether market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the glycol ethers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Rapid growth in the personal care and cosmetic industry is expected to propel the growth of the glycol ether market going forward. The personal care and cosmetic industry involve the manufacturing of products related to beauty and cosmetics. The glycol ethers are majorly used in different personal and cosmetics products, such as hair care products, cleanliness products, skincare products, bath products, and others. For instance, according to Exploding Topics, a US-based internet publishing site, the beauty industry’s revenue is expected to exceed $120 billion by 2025. Therefore, the rise in growth of the personal care and cosmetic industries drives the glycol ether market.
Key Industry Players
Major companies operating in the glycol ethers market include <b> Dow Chemical Company, HanNong Chemicals Inc., BASF SE, INEOS Group Ltd., India Glycols Limited, Solvay SA, Shell plc, Jiangsu Yida Chemical Co. Ltd., China Petroleum & Chemical Corporation, Huntsman International LLC, Nippon Nyukazai Co. Ltd., Oxiteno LLC, KH Neochem Co. Ltd., Sasol Limited, Eastman Chemical Company, LyondellBasell Industries, Saudi Basic Industries Corporation, CCP Industries, Celanese Corporation, Reliance Industries Limited, Emerald Performance Materials LLC, FBC Chemical Corp, Guangdong Runhua Chemicals Co. Ltd., IGL Coatings, NARCHEM Corporation, NOF Corporation, PetroChina Company Limited, PCC Rokita SA, UBE Industries Ltd., Wujiang Dongang Chemical Co. Ltd. </b>
The glycol ethers market report table of contents includes:
1. Executive Summary
2. Glycol Ethers Market Characteristics
3. Glycol Ethers Market Trends And Strategies
4. Glycol Ethers Market – Macro Economic Scenario
5. Global Glycol Ethers Market Size and Growth
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26. South America Glycol Ethers Market
27. Brazil Glycol Ethers Market
28. Middle East Glycol Ethers Market
29. Africa Glycol Ethers Market
30. Glycol Ethers Market Competitive Landscape And Company Profiles
Top Major Players:
- Dow Chemical Company
- HanNong Chemicals Inc
- BASF SE
- INEOS Group Ltd.
- India Glycols Limited
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